Kames Capital hires high yield head

Kames Capital has appointed David Ennett as head of high yield, while Phil Milburn has returned as head of fixed income investment strategy.

Ennett will report to Kames’ head of fixed income David Roberts, who ran the high yield portfolios on an interim basis in Milburn’s absence.

In September last year co-manager Claire McGuckin ran the firm’s £1.4 billion (€1.81 billion) High Yield Bond and £315 million Global High Yield Bond funds in Milburn’s absence. McGuckin subsequently left the firm seeking other opportunities.

Previously, at Standard Life Investments, Ennett was head of European high yield, and manager of the firm’s Higher Income and European High Yield funds. Prior to joining the firm in 2010, he spent two years as deputy manager of Old Mutual Asset Management’s Dynamic Bond Fund.

Kames has made a number of high profile hires this year. Earlier this month, the firm bolstered its offering to European investors with two appointments, including Robin Black, an Asian equities specialist from Macquarie Group.

Kames Capital managed assets of £57.8 billion (€73 billion) worldwide, as of June 30, 2016.

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